Fearing government plans to change FGTS model; understand

For the Ministry of Finance the current model does not encourage employers to invest in employee and undermines national productivity.
04/09/2016 14h00 - Updated 5/09/2016 10h49
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The government plans to change the FGTS model, which would be responsible for unemployment insurance and for ensuring the private sector workers supplementary retirement in the capitalization system. The reform of the Fund would aim to create a long-term savings in the country and improve the public accounts. For economic team, the remuneration paid to unitholders (3% per year, plus the Referential Rate, TR) it is low, which stimulates the sack of money. Permission to withdraw the balance in cases of unfair dismissal also encourages excessive turnover in the labor market.

The Ministry of Finance estimates that the application of resources the interest charged under the credit market creates distortions, to benefit a segment with more easy conditions (housing, for example), forcing higher interest rate for the rest of the economy.

On the other hand, spending on unemployment insurance, paid to who is fired without cause, put pressure on public accounts, both in periods of economic growth (when there is greater ease of employment exchange), as in recession (when companies dismiss, because employees have little time away from home and little connection with the firm). The aid has no cost to the worker.

Treasury sees encouraging turnover

To the farm, the safety net for workers depends on the long-term savings. The way is to change the law 8.036/90, who created the FGTS and the forms of plunder and compensation. For this, the National Treasury opened, in 25 of August, a bidding process to select study on "Diagnosis and reform proposals for the Service Time Guarantee Fund", with the United Nations Development Programme funds for Development (UNDP). The deadline for registration ended yesterday, and the final work must be delivered within 60 days, after the contract is signed.

According to a document on this bid Terms of Reference, to which GLOBE had access, the operation of the worker protection network and the viability of the pension system depends on long-term saving building mechanisms in Brazil. "The current configuration of FGTS requires reevaluation", instructs the text.

The document points out that the current model does not encourage employers to invest in employee and undermines national productivity: "The possibility of withdrawal of Fund resources in the event of unfair dismissal stimulates excessive turnover in the labor market, reducing the possibility of training workers and redounding in low productivity ", the text says.

The current rules on unemployment benefits paid to dismissed without cause, second or text, "Induce less worker effort to replace the labor market and, inclusive, fraud ". The paper concludes that, before that, become relevant reforms that improve the current system of social protection to workers.

"AVENT is, in this sense, the possibility of creating a benefit funded by a capitalization system, compulsory contribution to the FGTS - which would have a hybrid character, working simultaneously as unemployment insurance and capitalized saving for retirement ".

The text highlights that the money FGTS, while not drawn, It is used by the government to make programs, as housing finance and infrastructure works and sanitation. no document, the Treasury would not say how the loans for homeowners in case of change.

low pay for workers

In the PT government, the Fund's resources now used to make housing policy as the program Minha Casa Minha Vida, mainly on subsidies (discounts repayable). Since 2009, when the program was created, spent R $ 39,066 billion on subsidies. Between 2015 e 2016, They were transferred to the Residential Lease Fund (FAR), it should have only been supplied with public money, additional $ 8 billion. It was the option found by the PT administration to continue donating houses in the range 1 (for those with income of up to R $ 1.800).

For Rodolfo Torelly, specialized site Work Today, the government project brings together three in a, to join unemployment insurance, FGTS and retirement in a single system. According to him, the measure needs to be adopted with caution, to prevent harm to workers. Torelly pointed out that the FGTS turned a fund to make public policy at the cost of low wages for workers:

- The worker receives a subremuneração - said.

For the representative of Força Sindical in the Deliberative Council of the Fund for Worker (FAT), Sergio Leite, the proposal is misplaced. The FAT is now the source of funds for unemployment insurance. Milk argues that, if you have no money to pay for unemployment insurance, FAT should ask back funds transferred to BNDES, instead of FGTS for this purpose. The Fund, mentioned, is a worker's right.

sought, the advice of Finance declined to comment. second technical, however, no decision taken and, that is why, studies will be made to see whether the proposal is feasible. The issue is still in its infancy, they said.

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